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Specific Instructions
Fill in the name and identification number of the individual or entity that has a carryforward of an unused credit.
Fill in the code number and name of the credit. The code number for each credit is listed on the first page of these instructions. Enter
the code number in the bracketed space. For example, if you are filing Schedule CF for the carryforward of the agriculture credit, fill in 36
in the space for the code number.
Column (b) For each year listed in column (a) for which you computed a credit and have an unused amount of credit to carry forward,
fill in the amount of computed credit.
Example: You computed economic development tax credits of $10,000 for 2010, $15,000 for 2017, and $8,000 for 2021. You would fill
in $10,000 in column (b) for 2010, $15,000 in column (b) for 2017, and $8,000 in column (b) for 2021. Include both the credit computed
for yourself or the business entity and any credit passed through from a tax-option (S) corporation, partnership, LLC treated as a
partnership, estate, or trust.
CAUTION Special instructions apply to recipients of a transferred credit. If you are the recipient of a transferred supplement to federal
historic rehabilitation tax credit, angel investment credit, or early stage seed investment credit, fill in the amount of credit transferred to
you in column (b) for the year in which the credit was originally computed by the person or entity that transferred the credit to you. If you
are the recipient of a transferred economic development tax credit, fill in the amount of credit transferred to you in column (b) for the year
of the transfer.
Column (c) For each computed credit in column (b), fill in the amount of credit used for the year in which the credit was computed (or
transferred to you) plus the amount used in all subsequent years. If you transferred any portion of a credit to another person or entity
during a year, include the amount transferred in column (c) as credit used.
Example: You computed an angel investment credit of $25,000 for 2017. You used $10,000 for 2017, $2,000 for 2018, and $5,000 for
2023. Fill in $17,000 in column (c) as credit used through 2023.
Column (d) For each year that has a computed credit, subtract the amount in column (c) from the amount in column (b). This is the
amount of credit available for 2024. Enter this amount on the appropriate line of Column A of 2024 Schedule CR.
Column (e) For each year that has a credit available for 2024, fill in the amount of credit used on your 2024 return. Include as credit
used in 2024 any amount of credit transferred to another person or entity during 2024. This is the amount from the appropriate line of
Column B of Schedule CR plus the amount of credit that you transferred to another person or entity in 2024.
Column (f) For each year that has a credit available for 2024, subtract the amount in column (e) from the amount in column (d). This is
the amount of credit that is available for 2025.
Note: For the 2009 year, column (f) is shaded. Do not enter any amount in this space. The 15-year carryforward period for a credit
computed in 2009 has expired and any credit computed in 2009 cannot be carried forward to 2025.
Attachments to the Return
A copy of Schedule CF must be included with your Wisconsin income or franchise tax return each year for which a carryforward of a
credit is available.
Additional Information
For more information, you may:
Email your questions to: Call:
DORFranchise@wisconsin.gov (608) 266-2772
[TTY: Call the Wisconsin Telecommunications Relay System at
711]
Write to:
Corporate Franchise and Income Tax Assistance
Wisconsin Department of Revenue
PO Box 8906
Madison WI 53708-8906
Applicable Laws and Rules
This document provides statements or interpretations of the following laws and regulations enacted as of November 20, 2024:
ch. 71, Wis. Stats.
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